Case Studies on the Regulatory Challenges Raised by Innovation and the Regulatory
The pace and scope of innovation are challenging the way governments regulate. Existing
regulatory frameworks might not be agile enough to accommodate the fast pace of technological
development and, as a consequence, rules might become outdated. Beyond this pacing
problem, technological innovation also blurs the traditional definition of markets,
challenges enforcement and transcends administrative boundaries domestically and internationally.
This report, which results from a joint project between the OECD and the Korea Development
Institute, presents a set of case studies illustrating the different regulatory challenges
raised by emerging technologies and the diversity of regulatory responses used to
address them. The case studies cover data-driven business models, digital innovation
in finance, smart contracts relying on distributed ledger technologies, digital technologies
for smart logistics, and the sharing economy.
Available from December 14, 2021